a. Calculate the opportunity cost based on the following information: Instructions: Enter your responses as a whole number. Possible Output Combinations Output per month A в D F Missiles 50 100 150 200 250 Houses 100 90 75 55 30 The opportunity cost of increasing missile production by 50 is: (such as 0 to 50, 50 to 100, 100 to 150, etc.) 2,500 houses b. Using the information presented in the table above, graph the production possibilities with missiles the horizontal axis and houses on the vertical axis. Instructions: Use the tool provided 'PPC' to plot the production possibilities curve (plot 6 points tota Production Possibilities Curve PPC 120 110 100- 00 80 70- 40 30 20- 10- 50 100 150 200 250 300 Missiles (per month) reset Houses (per month)

a. Calculate the opportunity cost based on the following information: Instructions: Enter your responses as a whole number. Possible Output Combinations Output per month A в D F Missiles 50 100 150 200 250 Houses 100 90 75 55 30 The opportunity cost of increasing missile production by 50 is: (such as 0 to 50, 50 to 100, 100 to 150, etc.) 2,500 houses b. Using the information presented in the table above, graph the production possibilities with missiles the horizontal axis and houses on the vertical axis. Instructions: Use the tool provided 'PPC' to plot the production possibilities curve (plot 6 points tota Production Possibilities Curve PPC 120 110 100- 00 80 70- 40 30 20- 10- 50 100 150 200 250 300 Missiles (per month) reset Houses (per month)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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